Raising money can be challenging and often downright dejecting, but it can also be inspiring and lead to significant progress within your company.
Raising money is often 000 quickly simple task, but no one said that simple was going to be easy. Furthermore, it allows you to tell a story that every investor will want to respect and listen to. At Alumnify, we knew it was imperative to get as many schools to sign up as possible to take a piece of the market share.
I was tired of relying on warm leads or waiting for a friend who knew someone at a school to give me an introduction. We decided to just hit the phones and start cold-calling.
Unfortunately, the first week we got voicemail after voicemail.
In another articleI explain how we decided to implement that strategy into our sales plan: we would start cold-calling at a. This is just one example of a compelling story that would catch the eye of any investor.
Your network is your net worth, so always make sure to stay in touch with the people in your network. At 000 quickly, we send a shareholder update once a month to investors, mentors, friends, family and potential investors.
In a bind? Need some fast cash? Some are easier than others, but nearly all require very little to no capital. They are meant to get you through the difficult times.
By the time you are ready to open your round, potential investors have already kept track of your progress and will be more inclined to invest. Position Yourself Around the Buzz During my senior year of college, we won the largest pitch competition at the University of San Diego.
What do you do? I sell online ad space for my company, which includes video, custom content, app sponsorships, and data products.
After that, we became part of Startups in Mountain View, one of the most prestigious accelerator programs in the world. To top it off, we landed the largest deal in the history of our industry.
How To Make 500 Dollars Fast With No Money At All
When it comes to funding, there are plenty of ways to find money, but one must always be willing to work for it. Investors have worked hard to be in the position they are in and they have to trust that they are making a smart business decision by investing in you.
Founders often struggle to get traction or funding when they stop hustling or try to take on too much by themselves.